On February 20, SM Entertainment uploaded a video to their official YouTube channel titled “The reason why SM is against HYBE’s hostile takeover,” detailing at length the reason behind their opposition against HYBE’s M&A .
In the video, SM Entertainment CFO Jang Cheol Hyuk begins by stating, “As soon as SM’s new vision ‘SM 3.0’ was announced, the largest shareholder sold his stake, and a hostile takeover attempt by a competitor started. This is an attempt that ignores not only the fierce deliberation and efforts of the 600 SM employees who have dreamed of becoming the No. 1 entertainment company in the world, but also the values and pride of SM that it has pursued together with the fans and artists.
The synergies talked about in the market are for HYBE shareholders, not for SM shareholders or for K-pop. HYBE intentionally evaded FTC review—SM’s corporate value will be undermined in the process of FTC review.Source (
You ruin SMTOWN channel vibe, sir.
Seriusan ituu haaahhhhh
At this point hybe should buy all K-pop companies they do it best 👻
can someone explain it in baby language
Suddenly I don't know what SME is, I'm ashamed istg
The attacked are structured. First the nephew attack the uncle personally, then the company attack the major stakeholder....i bet next there will be rumours bout artist X vs. Artist Y. So Kakao....whats next on your draft?!?! smirked
Couldn't care less🙄
Embarrassing 😂😂
Why would anyone be interested in this
Why is this so funny?
Keep trying, sir…this is looking so pathetic. At least HYBE treats their non-Korean members better than SM does (or did, since it’s been awhile since I cared). Put your pacifier in and take notes.
I was a SM fan before, even after I met Big Hit in 2014 because of BTS, I still continue to support these big 3 but then things started to change when I started hearing stories about how SM treat their artists and I'm so disappointed. Now, that HYBE is ++
This is like a K-drama. Just the language used in this 'statement' reeks of toxic possessiveness. Gave me ick vibes.
My favorite thing is armchairs in here bleating about BTS being awesome and how good it is to have Hybe monopolize Kpop. Obvs SM is awful but Hybe trying to take over is not a good thing. They already have insane prices for their artists sh*t, imagine if they swallow one +
just release season 2 of reborn rich instead of whatever this is
the fact that he took this to the internet and released it on the artist channel to get the parasocial fans on his side is crazy😭
SM:
During video they looked like they are crying inside🫢
Next video the reason why sm groups is so flop
This is mortifying for them, talking about protecting artists as if they haven't steamrolled their own for yrs. No1 knows what will come to light when HYBE starts compliance incl the illegal share sales to Kakao. But we do know that companies HYBE has taken over have done well.🤷♀️
maybe they thought the video would create support for sm and stakeholders would notice, but majority either doesnt gaf or prefers hybe. like idk what to tell you dude.
Maya na Kasi kayo mag away...kaaway din ng carats yang hybe Sa ngayon,di tuloy mabigyan Ng pansin ang hinaing Ng mga CARATs....
I know SM neglects their artists. But boy oh boy if you think that Hybe will treat them better, I've got news for you
Tell me your execs fckd up without telling me they did big time. If the CFO of the company end up doing casting video shoot for KDRAMA series the first thing you have to do is send auditors , Lawyers and enforcers to check their books, financial statements and recent txns.
Clown
DRAMA KOREA TERNYATA 😁
When will kakao stop. Whats done is done now
I just caught up with the whole thing, and now there's more?
SM needed and wanted this attention for so long, they are milking it UP. Too bad nobody cares about them and their artists nowadays..💀
The messiest 2023 Kdrama currently airing 💀
LOOK AT ALL THE BTS FANS DEFENDING HYBE AND BRINGING UP BTS LMFAOOOO💀💀😭😭 y’all WEIRD ASSES will remain a dman joke fr fr💀💀
🍿🧋😊
Jajajaj SM por poco saca un kdrama parecen niños quejandose jajajaja
We are tired at this point
Ok?
I just hope these in incident dont affect artist under sm.ent too much...its very disappointing to see a brand which you like to act like this
wtf is going on? 💀🤣
It's becoming better than song joon ki's (ysoc) drama.
Interesting 🤭
Just buy Hybe shares back
Aduh SM salah ngambil info ga sih
The situation
K-pop is getting scary these days. I remember we used to be stan for groups. These days if you are a fan of a group that means you are a fan of a company. Imagine that I support JYPE only because I like ITZY. SM and Hybe stans are ridiculous 😂
Aka SM releases video to ask pittance from kpoppies all around the world so they can band together to defeat the Mother Of All Kpop Evils, HYBE. It features misrepresented data used to skew kpoppies’ perception. Available in their yt channel and Eng Subs for easier gaslighting.
Seriously ?!!! Hybe.. just let Kakao take over SM.. just let them screwed over theirselves.. 😣
It's like a k-drama 👀
Thank you!!! Its totally a bullshit arrangement of hybe
Pathetic.
Is this seungri? he came from jil & started working with SM now I see
I don’t care who’s right or wrong. As long as SM’s style and artists aren’t affected/influenced in either way or form, I am fine with whatever the hell happens.
Now they are a very loving company to their artists? Aren’t they’re the ones who locks their artists at their basements ?
Side eye
I've always said SM is a sh.tty company but their idols are the most talented ones. But know I'm just mad. How can they do this Their idols deserve so much better. :((
The comments are so nonsense. As if you're working in SM. 😒😒😒
Babes worrying bout the wrong dam thing. Worry about treating your artists right. Where tf is Aespa comeback?!
It's Safe to say that even Sm fans would want it to be acquired by hybe. Ain't no company like hybe🗿✨
More drama? What episode is this?
Lol 😂 are they afraid to call BTS 'BOSS'? Nah don't worry, my kings are the most humble shareholders😎 Just stop with the embarrassing video and do bussiness. If HYBE promised SM independence, he'll keep his promise. Business is business. Period😌
The best joke this chris lee told today was they are afraid hybe will neglect there artist,like bro redvelvet is in basement last concert or tour was in 2019 the only special live for redvelvet last year was canceled you just care about your boy groups.
You have time to make video,why don't you spent your time to fix the real problems? HYBE is buyer,that's mean HYBE is the third parties. Don't mention HYBE anymore,your problems is with your previous largest stakeholder. Please do something useful,rather than blaming the others.
can't believe someday there no sm anymore. just too sad.
YEAR 2060 WATCH: South Korea releases video statement regarding HYBE’s acquisition of the whole nation.
all i see is fans speculating what will happen, hybe is flexing by buying LSM stock share, SM still holds company management, and SM board know LSM scheme before the deal and yet accuse Hybe helping LSM
Hybe can't have.. and shouldn't have SM not even the slightest... SM is too good SM groups are too good for that vulture... Please don't ruin k-pop & SM groups.. snsd,rv, Aespa fans will never forgive you
hahaha the content just talking about hybe and how affraid SM if hybe take over SM hahahaha but you not talking about kakao?
pusing om
SM are bitter and angry 🤣
Juicy juicy...Boku chiki ah boku uh 🔥🔥🔥
So low🤢
Depresi!
Here we go again another click bait for gaining public sympathy
I need popcorn 🍿
I want to remind kpop stan. All of this happened due to the incompetency of SM board of director and LSM. They started selling their own company share due to embezzling. they done it TOGETHER.
I stopped reading at 'becoming no. 1 entertainment company in the world'. Dear sir, no. 1 entertainment company in the world is Walt Disney Co. And the REAL Big 3 in music is Universal, Sony, and Warner. Your company is peanut compared to them. Don't smoke too much crack, please
finished metallity
SM may be trying to lower their stock so as to create favorable conditions for Kakao/tender offer. That is the only explanation for this farce of a video.
I smell a lawsuit 🙈
……………..😪
At this pont. Hybe should quickly buy over all the outstanding shares and fire all these useless CEOs n noisy staffs. Then those SM artists will truly have peace.
So chaotic. Hopefully SM won’t forget to promote their artists properly. Shouldn’t they solve this privately instead?
They need to just admit what everyone knows...SM thinks they are better than everyone else in the industry. It REALLY is killing their pride that a company they look down on is bigger than they are and now taking over. So they keep desperately trying to use artists/fans. Sad.
idk man... when the cfo of a company needs to make a public video instead of handling their business in the boardroom it screams in capability. handle your business in the boardroom... do the action instead of trying to get public sympathy...?
HE'S A LOSERRRR PUUSAAAYYY
just take snsd and rv then disband the other groups
Let's not forget why Lee Soo Man did this, its because how these shareholders and CEO's are trying to take over his position and vision. That's why he made them have a taste with their own medicine. Now look who's looking desperate right now:
Diesofcringe
As consultant who had been through M&A, this man statement was super clear and well reasoned. For those who do not have knowledge on how business and M&A work, please educate yourselves before you speak. Don’t just let ur bias ruin ur reasoning skill.
We dont care Solve your intern problem And give your talents (idol, artist) the right ATTENTION!!!!! SMTOWNGLOBAL RVsmtown GirlsGeneration
Can they just keep the business problem to themselves. It's like they are begging the sympathy of artist fans. Trying to manipulate thru social media because they know how fans can easily be persuade just to cover up some issues that cannot be seen. 🙄
I thought only the latest CEO is clown, turns that the whole compamy is circus 😆
These SM execs know that once Hybe audits them, their illegal activities will be exposed. I smell desperation.
This is some Reborn Rich shit!
Who cares?
All this time these top execs can spend on making this video but cannot make sure Taeyeon’s social media channel is updated appropriately. At this point all the sm artists deserve better management 😮💨 from whoever it is they want to take over
this is a real life kdrama fr lmaooo
the last time hybe made a statement they were found on a ditch 😅😅😅
WHAT IS THE TITLE OF THIS K-DRAMA? OPEN DISCUSSION STARTS NOW.
Did you hear something
kakao Hybe 😂
Ofcrs they againts this new kid but already try to monopolized kpop, who r they think they r?😒
LOL 🤡
It seems to me that they are trying so hard to get the public on their side… I mean usually these things are not done under the spotlight! It should be in a meeting room or the appropriate structures not youtube!
Meanwhile :
ready to be another branch of Hybe 👍 or the fans need start funds for them huh? Ready To Be 🫣 ❤YouTube: Release on 2023.03.10 FRI 2PM KST/0AM EST 📌'READY TO BE' Pre-save & Pre-order
Go SM go!!!!
Talk to those with money
Hmmmmm ….
episode 4 is out now! You can stream online to watch the full vid.
You can’t dictate people who they want to sell their assets to, its their rights. If SM don’t want HYBE to buy it then LSM as the seller should be the person they approached not the buyer 😅 like it doesn’t make sense at all, idk what they trying to achieve by making this video
You think too much. Because it seems very obviously. Hybe also treat BTS( the most valuable in the company) soooooo bloody badly !!! Ugh…
If ya'll already solved it internally, It wouldn't have gotten this far. Clearly you couldn't handle your own label
Meanwhile BSS and Aespa at circle charts
I prefer HYBE takeover than kakao takeover
What a clown show
This is so ghetto, wth do they expect me to do with this information tho? Jump Hybe?
Embarrassing, that’s how greedy people grovel to gain power. These situation should be solved indoors and by legal means.
Terserah ah meni jangar berita teh teu beres”
New Antagonist? 😂😂
Ini Hybe ama Kakao kl bener2 pure ttg music mah mending batalin aja dah beli saham SM. Biar kelarin masalah internalnya dulu, jd tanpa ada pihak yg ikut campur. Jd g ngedrama kaya gini, yg nantinya staff dan artis yg malah jadi korban kerakusan kalian.
N3flix could never produce a drama like this🤭🤭
Wow it gets messier and messier as each day pases… anyway if you want a break from the corporate shenanigans, tune in to the boyz’s comeback today at 6pm kst!
no one loves HYBE lmao🥵
The plot thickens! How many episodes are there in this drama
HAHAAHAHAHAHAHA POOR EGO BRUISED SM SHTS
Kakao is also bad, they just stay in the dark while letting SM do all the talking. This video from SM is just making use of their money making machines aka stans/fans to put pressure on HYBE.
EMBARRASSING 😭
Padahal gak sekali dua kali lu pada kena karma nya tapi masih aja lu kek gini🤣 Kocak cok, gak malu lu bikin statement kek begitu?
Ah, this is really sad
Chris Lee and the other executives about to catch a whole lawsuit for false accusations and defamation against HYBE I get they wanna say what they wanna say and etc, but this getting serious when you claiming stuff on someone without it being true They over there digging holes
their getting the public opinion when in fact this type of problem should be handled internally, they are making themselves a laughing stock, while HYBE is chilling in thr corner 😅😅😅
They keep talking this and that but why aren't they answering HYBE's question of why they kept quiet all this time about Lee Sooman's illegal activities if they knew about it beforehand. Wasn't Kakao takeover hostile too coz they didn't consult the largest Shareholder.
juicy
It is so funny how people care about what is embarrassing. They are trying to save their legacy and hard work. We fans have the right to know what is happening. I appreciate them for speaking up. LSM is literally destroying his legacy.
It's so dumb
messy!
Bro... you never get tired of saying hostile takeover, Cheol Hyuk, you don't look like a CFO.
HYBE just let KAKAO take over. clearly SM wants to be screwed over. You don't need their corrupt company. Just look at this- their top admins are jokes
This is embarrassing 😒
Losers. SM is doomed.
HYBE got into so much drama by buying SM stocks xD
main while:
Can they stop embarrassing themselves omg help save my babies from that company 😭😭😭
Lihat kelakuan petinggi nya SM ini bikin kocak abis. Langkah nya itu blunder terus. Niat ingin menjelekkan Hybe malah jadi membuka aib sendiri
Shouldn't this fight be in the boardroom and in house and not made to the public 🥲
So kakao Acquisition is ok for them 🤡
From a business standpoint he has the proof. HYBE will ruin kpop if people don’t stop them. Artist under hype have apologized to fans for the prices & told them they wish they weren’t so high. Fans are blind when it comes to HYBE thinking they are a good company which they aren’t
Why would you do this on the YouTube channel meant for your artist tho like you couldn't just put out a written statement like a normal ceo
as an SM brand fan this is embarrassing they should be ashamed of themselves especially after how they treated their artist lately.